Dear HTX DAO Community,
Following the conclusion of our July token listing recommendation vote, we received community feedback and conducted an internal review, which confirmed the presence of a technical issue in the voting process. We would like to share the details and follow-up actions below:
Issue Overview:
After the voting officially ended on July 29 at 23:00 (UTC+8), we identified that the system mistakenly allowed certain users to vote based on real-time wallet balances, even if their $HTX holdings were deposited after the designated snapshot times. This led to some votes being counted that were not aligned with the official voting rules.
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Official Voting Rule:
Voting power was supposed to be based on users’ $HTX holdings at the following two snapshot times:-
Snapshot 1: July 24, 23:30 (UTC+8)
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Snapshot 2: July 26, 23:30 (UTC+8)
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What Went Wrong:
The system failed to fully enforce snapshot-based eligibility, and in some cases used live data instead, resulting in invalid votes being included in the tally.
We sincerely apologize for this oversight. HTX DAO is committed to fair, transparent, and verifiable governance processes. This issue highlighted areas for improvement in our execution logic, and we appreciate the community’s patience and oversight throughout this process.
Next Steps:
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The voting system has now been corrected, and the final vote tally has been recalculated based on the proper snapshot-based rules.
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All eligible votes that meet the rules have been properly counted, and rewards will be distributed to the updated list of valid participating addresses.
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We are upgrading our governance infrastructure to include stricter snapshot validation and multi-layer verification for future events.
Important Reminder:
For future governance activities, please ensure your $HTX holdings are present before the official snapshot times (e.g., July 24 and July 26 at 23:30 UTC+8 in this case) to be eligible to vote. This guarantees your voting rights are secured and prevents any technical disqualification.
We deeply appreciate every member’s contribution and support. HTX DAO will continue to improve and grow alongside the community as we work toward a more decentralized, credible, and community-driven financial future.
HTX DAO Team
August 2025
